Blackstone Mortgage Trust, Inc.

Blackstone Mortgage Trust, Inc.

BXMT
Blackstone Mortgage Trust, Inc.US flagNew York Stock Exchange
18.01
USD
-0.30
- -
3.04BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2.3
2.66
3.43
3.47
3.16
3.48
3.26
3.05
3.4
3.68
3.88
2.84
3.23
3.42
Basic EPS, GAAP
0.81
1.86
2.41
2.53
2.27
2.5
2.35
0.97
2.77
1.46
1.43
-1.17
0.64
0.61
Free Cash Flow per Basic Share
1.55
1.67
2.1
2.51
2.37
2.55
2.34
2.37
2.52
2.33
2.66
2.11
1.61
2.02
Dividend per Share
0.42
1.74
2.04
2.47
2.45
2.44
2.47
2.46
2.45
2.47
2.47
2.32
1.89
1.88
Book Value per Share
-28.93
-11.3
-6.67
-5.74
-5.9
-4.99
-4.54
-5.84
-5.23
-5.67
-6.66
-9.97
-11.37
-11.87
Tangible Book Value per Share
40.86
31.01
30.65
26.48
30.4
29.64
29.09
27.53
30.48
26.63
25.41
21.39
19.81
19.38
Basic Weighted Avg Shares
19
48
82
94
96
114
130
142
152
171
173
174
171
171
Sales/Revenue/Turnover
43
129
280
327
303
396
424
432
514
628
671
493
553
585
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
9
- -
17
Net Income, GAAP
15
90
197
238
218
285
306
138
419
249
247
-204
110
104
Effective Tax Rate (%)
3.77
0.51
0.24
0.08
0.14
0.11
- -
0.23
0.1
1.18
2.1
- -
3.24
3.81
Profit Margin (%)
35.28
69.87
70.25
72.85
71.81
71.9
72.04
31.86
81.48
39.59
36.76
-41.38
19.82
17.71
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
495
970
1,120
1,184
2,467
2,050
2,838
4,972
5,621
6,915
6,617
6,032
6,046
6,804
Total Equity
757
1,501
2,506
2,494
2,917
3,375
3,785
3,904
4,619
4,544
4,388
3,794
3,504
3,418
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
9,540
10,117
9,089
LT Borrowings
6,258
6,046
6,804
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
171
168
169
Market Capitalization
3,165
3,289
3,273

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
378
453
549
Accounts Receivable, Net
138
133
137
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
162
154
158
ST Debt
9,540
10,117
9,089
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.96%
-1.58%
-7.64%
Free Cash Flow
6.54%
-2.37%
-24.72%
Net Income, GAAP
-17.79%
-34.7%
-153.69%
Sales/Revenue/Turnover
8.26%
6.71%
12.1%
Total Cash Common Dividend
7.85%
-0.85%
-20.12%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
142
127
110
114
493
2025
127
134
133
159
553
2026
159
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.71
-0.35
-0.32
- -
-1.17
2025
- -
0.04
0.37
- -
0.64
2026
-0.04
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.62
0.62
0.62
- -
2.32
2025
0.47
0.47
0.47
- -
1.89
2026
0.47
- -
- -
- -
- -

Company Description

APIChat
CEO
Timothy Johnson
Sector
Real Estate
Industry
REIT - Mortgage
Address
345 Park Avenue New York City NY United States of America 10154
IPO Date
Dec 29, 1980
Business
Blackstone Mortgage Trust, Inc. (NYSE: BXMT) is a real estate finance company that originates, acquires, and manages senior loans collateralized by commercial real estate assets in North America, Europe, and Australia. The company provides floating-rate first-priority mortgage loans, whole loans, pari passu participations, fixed-rate loans, mezzanine loans, and subordinate debt instruments secured primarily by high-quality institutional properties including multifamily, office, hotel, industrial outdoor storage, and net lease assets in major markets; its portfolio totals $16.8 billion across 137 loans with a weighted average origination loan-to-value of 64% as of September 30, 2025. Blackstone Mortgage Trust operates as a real estate investment trust externally managed by BXMT Advisors L.L.C., an affiliate of Blackstone Inc., which oversees $1.2 trillion in assets under management including $320 billion in real estate; the company maintains offices in New York, Santa Monica, and London, with headquarters at 345 Park Avenue, New York, NY, tracing its roots to Capital Trust, Inc., founded in 1997 and rebranded in May 2013 following Blackstone's acquisition of its manager. Recent developments include a 2024 joint venture with a Blackstone-advised investment vehicle to acquire triple net lease properties, a February 2025 $189 million loan commitment to Alterra IOS for 49 industrial outdoor storage sites across 22 U.S. states, portfolio optimization resolving impaired loans to reach 96% performing status with a 71% decline from peak levels, and expectations to close over $7 billion in new investments in 2025 through originations, acquisitions, and net lease strategies while maintaining mid-3x leverage and pursuing opportunistic share repurchases.

Company News

APIChat
  • Blackstone Mortgage Trust: 2026 Could Be A Rebound Year

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  • Blackstone Mortgage Trust Announces Offering of Senior Secured Notes

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  • Blackstone Mortgage Trust Reports First-Quarter 2026 Results

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